DOI Prefix : 10.9780 | Journal DOI : 10.9780/22307850
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Volume : V, Issue : XI, December - 2015

RELEVANCE OF MATHEMATICS FOR ECONOMICS

Rupali, -

DOI : 10.9780/22307850, By : Laxmi Book Publication

Abstract :

The recent experience in the development of economic science however has convinced most of us that there is a need for better understanding of the subject matter. No doubt, this improved understanding can be brought about only through a scientific approach. In the process one must bring the date old verbal economic theories within the framework of technical competence that makes it possible to use the up-to-date mathematical and statistical techniques. In fact, economics is basically a quantitative subject in the sense that most of the economic variables like prices, income, employment etc., are always measured and stated in quantitative terms.

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Cite This Article :

Rupali, -(2015). RELEVANCE OF MATHEMATICS FOR ECONOMICS. Indian Streams Research Journal, Vol. V, Issue. XI, DOI : 10.9780/22307850, http://isrj.org/UploadedData/7521.pdf

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